RBI notifies that average Cash Reserve Ratio (CRR) required to be maintained by every bank shall be 4.50 per cent of its net demand and time liabilities effective from the reporting fortnight beginning May 21, 2022.
Late Fee imposable in terms of Bill of Entry (forms) amendment Regulations, 2017 vide Notification No. 27/2017-Customs (N.T.) dated 31.03.2017 will be waived off in respect of Bills of Entry filed belatedly, which pertains to IGM’s filed on 01.05.2022 & 02.05.2022 on production of negative acknowledgement.
Regulations Review Authority (RRA 2.0) – Interim Recommendations – Third tranche Regulations Review Authority (RRA 2.0) has recommended withdrawal of additional 225 circulars in the third tranche of recommendations. RRA 2.0 was set-up by the Reserve Bank of India to review the regulatory instructions, remove redundant and duplicate instructions and reduce the compliance burden on […]
Relaxation of import provisions under Notification No. 20/2015-20 dated 24.08.2021 to allow import of remaining quantity of 5.50 Lakh MT of crushed & de-oiled GM soya cake upto 30.9.2022 or until further orders, whichever is earlier. Bill of lading of such import consignments to be on or before 30.9.2022 and “Out of Charge” of such […]
The functionality of AATO for the FY 2021-22 has now been made live on taxpayers’ dashboards with the following features: ♦ The taxpayers can view the exact Annual Aggregate Turnover (AATO) for the previous Financial Year (FY). ♦ The taxpayers can also view the Aggregate Turnover of the current FY based on the returns filed […]
On a review, it has been decided that the minimum investment grade credit rating for deposits of NBFCs shall be ‘BBB–’ from any of the SEBI-registered Credit Rating Agencies.
Securities and Exchange Board of India Circular No. SEBI/HO/MRD1/MRD1_DTCS/P/CIR/2022/58 | Dated: May 02, 2022 To, All Stock Exchanges, All Clearing Corporations, All Depositories Dear Sir / Madam, System and Network Audit of Market Infrastructure Institutions (MIIs) 1. Taking into account the rapid technological developments in the securities market and the entailing risks that these developments pose to […]
Last week also ended with extremely good news on revenue! GST collections for the month of April, 2022 stood in excess of Rs. 1.67 Lakh Crore. This is 20% higher than the corresponding month of last year.
Medical facilities in jail hospitals/dispensary may be strengthened and improved in such a manner that reduces the requirement of referral of inmates outside the prison complex. Psychological assessment of inmates by competent medical professionals may be encouraged to reduce depression in prison inmates and provide them with a positive outlook in life.
The Tariff Rate Quotas (TRQ) as mentioned in Notification No. 22/2022-Customs dated 30th April 2022 under India–UAE CEPA and procedure for allocation and imports under given TRQs is notified.
